Trading Signals: SPOT Stock Price Prediction and Forecast (Tue. Apr. 3, 2018 - Fri. Dec. 22, 2023)(Spotify Technology S.A.)
| SPOT latest price $349.9100 (-4.03%) ($344.0000 - $387.4400) on Mon. Feb. 22, 2021. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3.48% (three month average) | RSI | 57 | Latest Price | $349.9100(-4.03%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | SPOT advances 0.6% a day on average for past five trading days. | Weekly Trend | SPOT advances 5% a week on average for past two weeks. | Market Behavior | Rotation from growth to value for large cap. Rotation from growth to value for small cap. | Correlated ETFs | Broad market will support SPOT advance at 0% a week (0% probability) IBUY(66%) IPO(66%) IWF(64%) QQQ(64%) ARKK(63%) | Factors Impacting SPOT price | SPOT will decline at least -1.74% in a week (0% probabilities). VIXM(-31%) UUP(-18%) VXX(-7%) TBT(-6%) IGOV(-6%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | (options are extremely cheap) | | | Market Trend Strength | -1.74% (StdDev 3.48%) | Hourly BBV | 0.3 () | Intraday Trend | -3% | | | |
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Inflection Point | Yes | 5 Day Moving Average | $355.66(-1.62%) | 10 Day Moving Average | $345.03(1.41%) | 20 Day Moving Average | $335.79(4.21%) | To recent high | -4% | To recent low | 30.1% | Market Cap | $66.483b | | | | Spotify Technology SA is a digital music service offering music fans instant access to a world of music. The company operates through the following segments: Premium and Ad-Supported. The Premium segment provides subscribers with unlimited online and offline high-quality streaming access of music and podcasts on computers, tablets, and mobile devices, users can connect through speakers, receivers, televisions, cars, game consoles, and smart watches. It also offers a music listening experience without commercial breaks. The Ad-Supported segment provides users with limited on-demand online access of music and unlimited online access of podcasts on their computers, tablets, and compatible mobile devices. It also serves both premium subscriber acquisition channel and a robust option for users who are unable or unwilling to pay a monthly subscription fee but still want to enjoy access to a wide variety of high-quality audio content. The company was founded by Daniel Ek and Martin Lorentzon in April, 2006 and is headquartered in Luxembourg. |